China picked Lan Fo’an as the Minister of Finance to replace Liu Kun, handing Lan the responsibility over a plan to diffuse local government debt risks.
FINANCE
Xi Jinping’s Historic Visit to Central Bank Signals China’s Economic Focus
China’s President, Xi Jinping, recently made a historic visit to the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE). It was reportedly the first time since he …
China’s Xi Jinping makes central bank visit – Bloomberg News
Chinese President Xi Jinping made his first known visit to the nation’s central bank since he became president a decade ago, Bloomberg News reported on Tuesday citing people familiar with the matter.
China’s Stock Market Hits Two-Year Low: An Ominous Shadow on Global Finance
In the labyrinthine world of finance, China’s stock market has slipped into an ominous shadow. The country’s financial pulse has plummeted to its most feeble rhythm since 2019. A protean blend of a …
Banking on Beijing: The Aims and Impacts of China’s Overseas Development Program
Dreher and his colleagues go behind the scenes of AidData’s multiyear, cross-national effort to collect and standardize information on China’s overseas development grants and loans, data that China wa …
China-US Economic Working Group holds first meeting
U.S. Economic Working Group held its first meeting via video link on Tuesday, the Chinese finance ministry said. The two sides had “in-depth, candid and constructive” discussion on the macroeconomic …
Why a downsized central bank reflects major shifts in China’s financial governance strategy
The newly established Central Finance Commission has replaced the People’s Bank of China as the nation’s most powerful financial decision maker The changes come amid concerns over years of financial …
Russia’s sanctioned VTB Bank wants to build ships with China, defiant CEO says on trip with Putin in Beijing
Russian state lender, tasked with saving a struggling state shipbuilding firm, needs China’s help as bilateral ties continue to strengthen amid external pressure CEO Andrey Kostin hails broader use of …
‘Belt and Road’ Forum: Charting the Course for China’s Global Development Initiative
In the heart of Beijing, the third ‘Belt and Road’ International Cooperation Summit Forum unfolded, marking a seminal moment in the trajectory of global development. The forum was a testament to the …
China arrested an executive and two former employees at a major US ad agency, claiming they accepted bribes, reports say
One current and two former employees of ad agency GroupM were detained by Chinese authorities, who also questioned its CEO in China, reports say.
China’s Tax Investigation into Foxconn: A Dance of Strategy and Risk
In the world of international business and politics, every move is a dance of strategy, a calculated risk. China’s recent initiation of a tax investigation into Foxconn, a subsidiary of Hon Hai Precision Industry Co.
China plans financial policy conference for next week – Bloomberg News
China plans to convene a key financial policy gathering which takes place once every five years early next week to prevent risks and set medium-term priorities, Bloomberg News reported, citing people familiar with the matter.
Foxconn’s Tax Probe Is A Confluence of Finance, Politics, and Geopolitics
An investigation into one of the world’s largest electronics manufacturers, Foxconn, has stirred the waters of Asian financial markets and reanimated the shadows of China-Taiwan tensions. Foxconn, the …
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